Okay the 4 unit buildings when built in 1981 have one meter going in.There is no sub meters.Fulton county water stated that is what the builder requested in 1981.Fast forward to today.Fulton county does not do sub metering for these buildings.The water company stated these buildings only have a 3/4 line meter on one and 1 inch line meter on the others.Water bill has been high.We fixed a bunch of leaks and filed leak adjustments to Fulton county.Water company says they can test meter to make sure it reads right.Previous owner had high readings as well.Some tenants are only supposed to have 2 to 4 people living there on lease.End up having 8 to 10 people and they use the water constantly even with no leaks.Currently we provide water,sewer,trash into the total rent.We have to do it this way because with one line if the 3 tenants pay the bill but one does not the water company will cut off water to the whole building and lien it.Since it is one line into the building even if all leaks are fixed I can't go up to a tenant without proof they are using more water.I can tell tenant with an adjusted lease they are responsible for any usage after 50 bucks a month but they might not pay the difference.My plumber told me of a company that will install individual meters and then bill the tenants directly.Have any of you had experience with these companies?

I am currently pursing my Real Estate License for the state of Maine, but have run into some road blocks.

Lots of individual residential and several small subdivisions, retail, plus a good mix of dorky engineering stuff for street reconstructions, forensic studies, etc.

Anyone have a good example of the Deed of Reconveyance and what needs to go in the blocks?

Some people may have a formula for this, but I feel like it is an individual decision, and said formula would be individualized to some degree.If you don't like renting in that neighborhood, find some comps and sell for as high as you can.

Well Brian ethics and what it entails is subjective on an individual basis.If you are an astute buyer it is not your job to protect the interests of the seller or school them.What constitutes a fair and equitable deal is in the eye of the beholder.The law and ethics are two very different things.

Even an individual owner of real estate has to answer to someone, or some group (bank, spouse, heirs, etc).

If the units are individually metered, what utilities are the owners usually responsible for?

Hi, I was wondering if sending yellow letters was mostly used just for sfh and individual property owners.

If you use the 50 percent rule, which is probably about as accurate of a crystal ball as any other method (and will still not hit the mark on many individual years) then, of your gross rents you would have 1050/month to count toward your debt service (principal and interest) and the remaining toward your cash flow.So, I can't tell what percent of your PITI is T&I, but I would guess it is around 300/month.